This is the Grasshopper trades weekly results for week ending 2\/12\/21.<\/p>\n
We only had one Grasshopper trade expire this week. This trade was with NIO. I bought 100 shares of NIO on 1\/11\/21 and have been selling Calls every week since without assignment. The stock has been trading in a very tight range so I just keep selling Calls. Some premiums and better than others, but I keep bringing in money. You watch, all of a sudden the stock will break out and I’ll get assigned. Until then I’ll try to continue to bring in premiums. This week’s premium was 1.5% of my buy-in price of $63.75. If I can continue to bring in this premium I’ll do it all year long.<\/p>\n
Next week, Expiration Date 2\/19\/21 I’ll have a lot more Grasshopper Trades expire and close. As of right now I have 7 Grasshopper positions expiring next Friday. And I might make another trade or 2 this week.<\/p>\n
Below is the lone expired position for this week.<\/p>\n
NIO<\/strong><\/p>\n 2\/2\/21 \u2013 Sell to Open 1 NIO 2\/12\/21 $64.00 C @ $1.00\u00a0(+$100)<\/strong><\/p>\n 2\/12\/21 \u2013 Expired 1 NIO 2\/12\/21 $64.00 C <\/strong><\/p>\n I think “The Grasshopper Field” is going well. I hope these trades are helping you. I have a lot expiring next Friday and I’ll try to find a few more for the week. I’ve been a little bogged down with 2 very large positions, Palantir and Peloton. This week I was assigned on 4000 shares of Peloton so this will give me a lot of money in my margin account to work with.<\/p>\n Plus, I’m trying to get my weekly locked in money down to $10,000 a week. Imagine that, lol, trying to keep it down to $10K. My weeks have been crazy since the beginning of the year and I think it’s time to pull in the reins a bit. I’m trying to prepare for the correction that I feel is coming, and when it does I’d like to have a bunch of money in cash available for good deals. The stock saying for the spring is, “sell in May and go away.” But I think it will come a little earlier this year. Will see!<\/p>\n Enjoy the long weekend!<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" This is the Grasshopper trades weekly results for week ending 2\/12\/21. We only had one Grasshopper trade expire this week. This trade was with NIO. I bought 100 shares of NIO on 1\/11\/21 and have been selling Calls every week since without assignment. The stock has been trading in a very tight range so I […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-10563","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2Kn","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10563"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10563\/revisions"}],"predecessor-version":[{"id":10564,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10563\/revisions\/10564"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$100<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +$100<\/strong><\/h2>\n
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